America Default News Today

♪ i will stand up and do anything it takes. ♪ i build a boat in the desert. ♪ when the flood and the waters start to rise. ♪ ill ride the storm because ive got you by my side. ♪ you wet my sails, your love never fails. ♪ i build a boat so let it rain. ♪ i build a boat so let it rain. ♪ let it rain. ♪ let it rain. ♪ yeah. ♪ i build a boat so let it rain. ♪ all right. thats was awesome. that a was colton dixon, performing build a boat, live on fox square. were goi...

$8 million to create their own rival version of the college boards ap courses. so much for going along to get along. that is our show for tonight we will see you again tomorrow now it is time for the las word with ali bell she, who is in for lawrence. good evening, ali. >> it is good to see you, than you. we will see you tomorrow night >> well do. >> lets finish the job. today, joe biden and the speculation, yes, hes running for reelection for the same reasons he ra against on trump in...

hello, everyone. im bianna golodryga. welcome to cnn "newsroom." im victor blackwell. good to be with you. president biden is taking his state of the union pitch on the road. right now hes speaking in the battleground state of wisconsin focusing on his administrations effort to boost manufacturing in america. this is part of a two-day swing. >> biden is also going to tampa, florida, to reinforce last nights message which is seen as a preview of his expected 2024 re-election campaign. c...

Only a couple of days to spare, washington has averted a crisis. earlier this afternoon president biden signed into law the bipartisan bill that raises the debt limit. that prevents the federal government from defaulting on its debts for the first time in u.s. history. many experts warn that would have been catastrophic for the u.s. and global economies. cnns priscilla alvarez joins us live from the white house. president biden was pretty blunt in terms of how close to disaster this country came...

Those two areas were going to talk about today when i have an exclusive interview with kevin mccarthy, the house speaker will join me at the top of the hour to tell us whether or not he has spoken to the president while the president travels from japan back and when he is expecting to meet and what are the areas of difference. because the president has tried to look tough because we dont know who is running this negotiation, is it bernie sanders, a lot of the ideas coming out of the white house ...

Has the votes to pass this bill, as we saw when he ran fo speaker, of 15 times, he sometimes doesnt count so bad mccarthy is still working to win over some republicans wh believe we should parables, an some of the chaos caucus members who dont seem t understand or care about the disastrous effect if america default. so, to be clear, it would be disastrous for you and me, the american people. that is who gets harmed by taking the american econom hostage to extract pop unpopular policy changes tha...

>> some of the republicans in congress are threatening to have america default on the debt if i dont agree to the cuts that they want. democrats have never ever done that, by the way. lets talk about what our national debt is, like what we spend this year versus last. the national debt is a total debt and interest accumulated over 220 years. you hear me, over 200 years? every single year that we went and spent more than we took in it added up, so the federal debt youre hearing about is not the y...

Willing to burn the whole place down if they dont get their way. so that their stubborn nileism is supposed to give them political leverage. they really will shut down the government or make america default. thats what the narrative says then that kind of hostage taking will get rewarded because the d.c. people and the people who write the narrative believe it, that the republicans wont back down or blink so somebody has to. well, why am i talking about this tonight? you can add that in a list o...

For example, the debt ceiling was raised 18 times under ronald reagan. the national debt almost tripled to $2.1 trillion. back then, democrats controlled the house and they invoked a common sense measure known as the gephardt rule, stating that congress automatically authorized whatever borrowing is needed to fund the budget that they passed. makes sense, right? when republican speaker newt gingrich took the nauhouse in 1, they ditched the gephardt rule, using the debt ceiling as leverage, leadi...

Out of covid, this is money for long-term social spending, for a way to stitch together the american social contract in a new era. there is funding for child care, education, paid leave, gender equity. will it happen or will it crumble? some democrats feel that if they go too far with some of this hard ball, there is a scenario they might fail to pass either spending package or infrastructure spending. meanwhile, senator mcconnell is telling democrats they will have to raise the debt ceiling. th...